Rates from 8.9% APR. Representative Example: Borrow £12,000 over 5 years with a £0 deposit. Representative 19.5% APR fixed rate. Monthly payment: £304.38. Option to purchase fee £10 payable. Total cost of credit: £6,272.80. Total amount repayable: £18,272.80.
Car Finance 247 Limited is a credit broker, not a lender.
Need a van but worried about your bad credit rating? If you’ve struggled with credit in the past or simply haven’t had a chance to build up a good credit score, you could be eligible for bad credit van finance, subject to status.
Bad credit doesn’t necessarily have to put the brakes on getting a van, it may just mean you need to use a specialist lender who looks at more than just your credit score.
At Car Finance 247, we work with a wide panel of trusted lenders, including those that may consider people with bad credit, and we’ll do our best to try to find you a deal. With tailored finance options and a quick, straightforward application, we aim to make the process as stress-free as possible.
Bad credit van finance is designed for people who have struggled to build up a good credit score but still need a van, and can’t afford the big upfront cost of buying one outright.
Like standard van and car finance deals, the cost of the vehicle is spread into monthly payments over a set loan term, plus interest.
Whether it be for work or your day-to-day, bad credit van finance could make getting a van easier and more accessible. However, credit is subject to status and eligibility and a low credit score could mean you pay a higher interest rate.
If you’re looking for a van on finance with bad credit, there are a couple of finance options you could explore:
HP finance may be an option for those looking for bad credit van finance. You may or may not pay a deposit and then fixed monthly payments until the end of the term, plus interest. Once you’ve made the final payment, the van is yours.
Already have a van on finance? Refinancing could help you replace your current deal with a new one, with different loan terms. It might be that you can get a better interest rate now, or you want to spread the remaining balance on your current loan over a longer period to reduce your monthly payments. However, it’s important to remember that although spreading the cost over a longer term can reduce your monthly payments, it can increase the total amount of interest payable.
If you need van finance with bad credit, consider which of these options will suit your budget in the short and long term before making a decision.
For illustration purposes only. The rate and payment you may be offered will be based on your individual circumstances.
At Car Finance 247, we’ve made applying for van finance with bad credit quick, simple and hassle-free:
Follow these steps:
To be eligible for bad credit van finance, our lenders may require that you:
Meeting these criteria doesn’t guarantee approval, but it could give you a starting point to explore your options.
Getting finance with bad credit comes with clear pros and cons. It’s worth understanding both before you apply.
Ultimately, it’s about weighing up whether the benefits outweigh the risks for your situation and choosing a deal that works for you.
At Car Finance 247, we’ll do our best to try and get you a van on finance with bad credit, and we aim to make the process as simple and straightforward as possible.
Here’s what makes us stand out:
At Car Finance 247, we’re a fully regulated car finance broker, authorised by the Financial Conduct Authority (FCA). We work with a wide range of trusted lenders to help you explore your options for van finance with bad credit.
We can’t promise every application will be accepted, but we’ll do our best to help you find a deal whilst keeping the whole process transparent and straightforward. Remember, all finance is subject to status and affordability.
